Showing posts with label oil speculation. Show all posts
Showing posts with label oil speculation. Show all posts

Friday, June 20, 2008

Joe Lieberman has a good suggestion


Credit where credit is due. Senator Joe Lieberman is drafting legislation to limit the amount of speculation in the oil business.

Unfortunately, the legislation won't be ready for months, and it doesn't seem to go far enough - limiting speculation on essential commodities instead of banning it outright.

But it's a start, and Lieberman has beaten his colleagues to the punch.

H/T to Todd Sanderson.

Thursday, June 19, 2008

The Enron loophole

The facts about how lack of regulation has allowed oil speculation to drive up prices at the pump. And who bears responsibility? Hint: he running for president as a Republican.